TOLEDO, Ohio (AP) 鈥� TOLEDO, Ohio (AP) 鈥� Owens Corning (OC) on Wednesday reported second-quarter profit of $226 million.
On a per-share basis, the Toledo, Ohio-based company said it had net income of $2.80. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $3.93 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The construction materials company posted revenue of $2.76 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.67 billion.
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